Gongjin Electronics Plans to Sell Computer Software Development Subsidiary
Shenzhen Gongjin Electronics (SHA:603118) plans to divest its entire holdings in its computer software development subsidiary, Shandong Wenyuan Communication Technology, according to a Shanghai bourse filing on Friday.The proposed sale will undergo a pre-listing on the Shenzhen United Property and Equity Exchange.The broadband terminal equipment manufacturer's shares jumped 10% at the close.